IRA Conversion Contributions. (i) If directed by the Depositor, the Custodian shall open and maintain a separate account for each IRA Conversion Contribution described in Section 408A(c)(3), 408A(d)(3), or 408A(e) of the Code. (ii) If the Depositor’s IRA Conversion Contribution includes assets other than cash, the Custodian shall accept such assets only if they are compatible with the Custodian’s administrative or operational requirements and regular business practices.
Appears in 2 contracts
Sources: Roth Individual Retirement Account (Ira) Adoption Agreement, Roth Individual Retirement Account (Ira) Adoption Agreement